I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@@ElijahOliver-t9u That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@@RoseSmith-v7g My advisor is VICTORIA CARMEN SANTAELLA;

You can look her up online

@@ElijahOliver-t9u The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

This sounds great. Is there a way I could connect with your advisor or any other whom you think is very good? I'll appreciate.

Sonya lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

Buy now, home prices will not go lower. If rates drop, you can refinance.

The government will have no choice but to print more notes and lower interest rates.

Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.

@parrish8386 Finding financial advisors like Sharon Ann Meny who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

Finding financial advisors like Sharon Ann Meny who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

It will, if anything, worsen. Affordable homes won't be available for much longer. Therefore, I will advise everybody who wants to do anything to do it right now because tomorrow's prices will look lower than they did today. I believe that frenzy brought on by rogue inflation will continue until the Fed tightens its controls much further. It is impossible to tear off the bandage halfway.

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

Hello Dave, How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

I find this informative, curiously explored Vivian on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated

I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.

The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.

There are many financial coaches who excel in their profession, but for the time being, I employ “Vivian Carol Gioia” because I adore her methods. You can make research and find out more.

I set up a call with her and am really grateful that I did. I copied and entered her name into my browser and it came up in the top search results. I've seen comments about advisers but not one who looks this amazing.

I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

They all know they are about to get paid Thank God alone I got my house in 2019 the interest rate and the price for my new home is now unattainable for most if I bought the same, I wouldn’t qualify even with perfect credit.

They all got that I'm better than you attitude and you don't understand the industry look 😂😂.

@@Westcoastguyyou mean professional clothes

Same. See their face. They are looking for money and say shit

Same!

😂😂😂

The commission IS and remains negotiable. Nobody will work on selling your property for peanuts though. They will sell their client a different house that pays more. So negotiate a better deal with your agent.

What you said is not true and you should have fired your agent. They lied.

Will you mow my lawn for $5? How about $7?

@@solice8844 that’s extortion……☠️

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Colleen Rose Mccaffery” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

better yet, require county clerks to provide buyers and sellers with legal checklists, free of charge, so they can do the appropriate paperwork

100% best way

Ye, layer works for free!

​@@alexkrin6249cheaper than 6 percent of an 800k property

Easier than it sounds. I thought the same thing, but there are so many little things a good realtor knows that we do not, and one mistake can end up costing tens of thousands.

How does that help you?

Ok. LOL

According to the WEF, you will own nothing and be happy. 😂

@@carolynw3602 I actually own many things and am quite happy ! 💰

Should we just sit around and pick at our hemorrhoids until the cows come home?

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.!

Could you possibly recommend a CFA you've consulted with?

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Angela Lynn Schilling” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.!

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing"

Agreed there will never be a pit of gold waiting to be divided by these sharks

The entire realtor "system" is a financial scam to people wanting to buy and sell homes. We have sold 2 properties (1 was a home on 2 acres, one was a 5-acre plot) without the use of realtors -- we used attorneys to do the document preps and settlements. In one case, we even held the note on a 5-acre parcel of perc'd land. We did the advertising and in both cases, our properties sold within a month simply by putting signage on the properties! People need to work with a real estate attorney rather than pay all of these extortion fees in the realtor-based system.

Hey, most blacks vote welfare... meaning biden even though they don't know who's currently president bc they're always hi. Let's be real.

They don't realize how unnecessary their position is especially in the advent of zillow, redfin, and all the other sites. Consumers can find and vette their own properties.

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

Finding yourself a good broker is as same as finding a good wife, which you go less stress,you get just enough with so much little effort at things

Can't imagine earning $85,000 biweekly, God bless Ms Chloe Linda Henderson, God bless America 🇺🇸♥️

I have made more than 90 K God bless Chloe Linda Henderson God bless America 🇺🇸

Please who is this Mrs Christy Fiore.

What stereotype are you speaking of? These were six real estate agents commenting on a settlement with NAR.

Look how they all sit the same, height weight pretty good, all agree perfectly. Nope, these are elites. But you keep listening to them.

@@shiner8375 Wrong. The average real estate agent's earnings in Las Vegas were $46,000 per year. In fact, I don't merely listen to these people, I have had a career in real estate for 33 years, am in the top 1/2 of 1% of my profession, have taught real estate law, marketing, contract negotiation, and other topics to hundreds of agents, have mentored many dozens of agents, and have about 450 hours of continuing education in real estate law, along with an MA in International Economics with a specialization in International finance. These people simply spoke the truth of a ridiculous and wrongful litigation and settlement, and of the practices that are likely to ensue to help buyers afford the closing costs of purchasing a home. Lastly, if you ever would walk into a real estate office, you would see that unfortunately many are not in the greatest of physical condition, and there are huge variances of the physical characteristics you noted

100% agree 😢

@@randylazer2894 Be honest Randy. Are you a real estate agent?

Sounds like an ignorant comment.

seriously, the paid money is practically fumbling out of their mouths.

It is the fault of a snuffalupagus.

Tell me what bias they have, when explaining that a settlement would have the buyer paying for the buyer's broker's commission, instead of the seller? Tell me what bias they have when they noted of being able to negotiate having the seller pay those closing costs, as what happened previously to help home buyers afford homes with interest rates that are nearly triple of what they were in January, 2021? There isn't bias from the realtors sharing their insights of the impact of the settlement and of how to help home buyers afford homes.

hi the last agent wanted 4% of the sale price. NO THANKS.

We email the clients all the time! 😂

Sell the home yourself. You’ve always had that option. Good luck.

For one, if you are a buyer they have connections. They may be able to help you obtain a home through some creative negotiation. From a selling point of view, it's nice to have someone looking out for your best interest and relieve you of the back and forth negotiation / paperwork. If these things are of no value to you then you can definitely go through the process alone.

​@Bill_XYZ that's why realtors won't give is access to the MLS.. because we can literally buy and sell without any agents. My last home purchase he gave me access to MLS I found everything and he collected stupid money. Can't wait to get refunded in this class action

They really don’t. They are commission based sales people. Basically as good as used car salesmen

Ya you could be scammed out of your property, until its to late, you just lost your property.

First, for determining the best offer to make or the best price to list a property, as you likely have no clue of what would be competing, and of how to make adjustments for differences in lot size, upgrades with cabinetry, flooring, landscaping, lot premiums, and so forth, and of factoring in appreciation. Then, lets say you didn't submit an SRPD form, you would be in violation of Nevada Law. You likely wouldn't be able to negotiate your contract as well as somebody who has done that for 33 years and taught hundreds of agents on that, nor have you taken 450 hours of continuing education with respect to real estate law. With multiple offers, you likely couldn't successfully negotiate that, or manage that well if you were a seller, without having some experience and a great understanding of the market and of how to speak to buyer's agents. You literally don't know what you don't know.

@@randylazer2894naw will get AI to do that soon, unless you have a significant network then as a realtor the internet is going to replace you specifically language models like ChatGPT.

That worked well for Carvana.

You don't. They're overpaid middlemen.

Never paid 6%. Most will take 4 or 5% on a desirable home.

Exactly like the tax man!

Yes. And everything is more expensive now so…

Realtors are greedy

In my area, realtors make many hundreds of thousands of dollars on a single transaction and they always think it’s not enough because they work SO HARD on a deal.

Really Mr. Economist? BTW, between you and me, you aren't the economist, and I am, but that aside. The average earnings of a real estate agent in Las Vegas are $46,000 per year. I have seen various statistics, but the average commission for a listing agent is typically in the vicinity of 2.75% So what you are saying, genius, is that an average agent, making $46,000 should have a pay cut of 27%, so they really can't afford to take care of their families despite that many work 60 hours per week. Tell me, should you take a pay cut of 27%?

@@randylazer2894 As an economist, you should know that median earnings in the field of real-estate are a bad measurement of the profession. Seeing as a majority of those agents work part-time. The spread on real-estate earnings is MASSIVE, with virtually half of all real-estate agents have 1 sale every 12 months. Also, avoid using insults and gaslighting in your analysis and replies; it's extremely unprofessional.

As an economist, I can credibly state that what you had written was completely wrong, per your words "median earnings in the field of real estate are a bad measurement of the profession". That was ludicrous, as economists have given great emphasis of the evaluation of economic policies upon median household incomes, and real household incomes (which include inflation). Median income of a profession is important for people to evaluate their career options and the time and educational and licensing costs that are required. Do you think people would study for an additional 3 years and do a residency working 24 hour shifts if the median income of a doctor was that of a 5th grade teacher, or of plumber? Do you think people would spend extra years of study for law school, and go through a lot of intensive educational hell if the median income for an attorney was that of a food server? Then what you had written which really was noting that the top 20% of real estate and many sales professions will often realize about 70-80% of the income, well, that isn't special with real estate. That goes for insurance, auto sales, golf equipment, food and beverage sales. The Capitalist system has been the most successful economic system in the known history of this world, as the US became the leading nation in the world about 114 years after its founding, despite other countries had been around for millennia. Go take econ 101 and learn not to make proclamations that are of ignorance and falsity. Speak of what you know, and not of what you don't.

@@randylazer2894 You should spend more time on manners and less time on your 'economic profession'. Who would want to continue speaking to someone like yourself with such an attitude? Good day :)

@@randylazer2894 Why are you telling me that, direct your DUPLICATED responses to the TV station not me, and You're NOT an Economist.

Where? I tried to find a good contract and couldn’t.

Agree! Realtors are trying to convince us that we need them, which we don’t anymore.

So with the average real estate agent earning $46,000 per year in Las Vegas, would you desire they be paid the hourly wages of an attorney, which often is in the vicinity of $500 per hour? You see for $46,000, many are working 60 hours per week, and that hourly wage isn't much for the vast bulk of a profession where often the top 20%, make 80% of the income for the entire profession.

@@cer2299 Zillow & Redfin already have that business model.

@@cer2299 OK. I have 500 employees sittin doing nothing. I'm paying them salaries because none of them are independent contractors. You need to go to bed. School day tomorrow, son.

Most realtors are self employed.

😂😂😂😂

Me too!

Agreed.. majority of them are a waste.. negotiate your own stuff and force them to give you more incentives then, get a broker that does the financing and you are good to go

How did you sell your home with out agent’s ENQUIRER minds want to know .

cool story. you want a cookie?

@@3103frank What's your problem?

If you didn’t see the house, you shouldn’t have bought it. You could have backed out of the contract because you didn’t get a walkthrough. Sounds like you didn’t understand your contract or contingencies. They can’t “prevent” you unless you agreed to not see it. It also sounded like you bought “as is” during the housing boom in 2020. Thinking you got a deal because of low interest rates. A lot of people made awful purchases at that time.

Wow, sorry to hear that. Your real estate agent shall get his/her karma in the worst way possible.

sounds like you are an idiot who didnt do your due diligence. no one should feel bad for the uninformed, knowledge is free.

Fuck. God speed sir!!

When a Californian moves to Vegas😂

Commission is a bad incentive to drive up housing prices. Imagine if COPS got paid commission on how hefty the charges were for the person they were arresting. Cop would be CREATING evidence and duping the courts to get more compensation.

that will never happen

Why would their opinions be skewed? You lack an understanding of this settlement, for which there never should have been a ruling against NAR, as commissions have always been negotiable. Typically the seller has paid the buyer's commission, so home buyer's don't have to pay that out of pocket, which on a $450,000 home would be an additional $11,250 at 2.5% commission for the buyer's agent. So there isn't anything skewed about stating facts, that the sellers can contribute to the buyer's closing costs, just as they always have for decades, and that can include paying the buyer's broker's commission. This doesn't look like any AA meeting that I have witnessed in support of a dear friend, as I went to many with her. Why do you seek to demean very hard working people, who gave their time to share.

@Randy, it’s going to be fine for you McDonalds is hiring at $.20 an hour now. Don’t let these posts on KZfaq trigger you.😎

@@randylazer2894nope, it’s unnecessary commission…..it always has been.

Good analysis!

An angry commenter opens his mouth and closes his eyes.

Ass to grass too I don’t understand why the new homes are build like legos man. Smh

That quite often occurs, as commissions always have been negotiable. In recent years as a buyer's agent I have been paid from 2%-4%, often 2.5% with the listing agent receiving 2.5 or even 2%.

Our company will go 5% anytime.

How about hourly now?

@@xyz987123abc If they make me sign a buyers agreement I am going expect them to be accountable for their time.

u dont have to use a agent

100%

It's not true they are good agent; l always help people in my community, like letting them know of grants and educating them as well.

Greedy

if you do that, the seller's agent can not work with you. A seller's agent can show you a property and that's about it. He or she will not help you in any other way. The agent will just ask you if you have your own agent and if not the seller's agent will find you an agent. It is usually someone they work with in the same office

Dual agency is not allowed in many states. Instead, they will sub you out to their own broker agent and then take the seller and buyers money. So corrupt. All claim to have referral system and encourage you to use. Then they take a percentage of the buyers agent money by selling you to that agent. Corrupt Corrupt corrupt

@@kisia156 right so they will work within the same office and negotiate the comp. I’ve bought n sold many that way.

@@Bill_XYZthat’s total BS the buyers agent is incentivized to get you to pay more. They want you to pay as high as possible to win the house. You can absolutely call the listing agent and make your offer

@@bean6528 unfortunately, dual agency IS legal in Nevada. I wish they would change that. And I wonder, will a listing agent want to go show a house every time someone calls? It can be a 5 min drive or a 45 min drive. I'm not sure you will find many listing agents willing to do that?? maybe I'm wrong. Personally I say a seller list the home themselves in most cases. Offer a credit (that could reasonably cover a buyer's agent and/or other fees) so that buyer's agent can shoulder the responsibility of ensuring laws are followed, contracts are correct, inspections are done etc.... a little CYA.

So you think. As a realtor of 33 years, I remember from one new home builder I negotiated $90,000 off of the sales price. Often I have negotiated upgrades that weren't included, sometimes $8000-$12,000 more than what other buyers like yourself wound up with. My concern with the market currently is that new homes are often priced very high. Perhaps $100,000 more than resale homes that have similar square footage, lot size, and locations. In the new home, often you will have to pay for upgraded flooring and cabinetry, and install window coverings, landscaping and sprinkler systems. In fact, on likely hundreds of transactions, likely almost every transaction I have overseen, I have saved my clients or negotiated for a superior price what was more than my commission. Also, with new homes, I have seen many disasters, which I surely hope doesn't happen to anybody, and a good real estate agent can sometimes have the builder contributing where the general public has no clue of how to get that to occur. Good luck, and I mean that.

Hire a home inspector to check on the new build. I used a company Help You Sale. The agent listed the house, I did the open houses and made viewings available to the buyers agent. Flat fee paid. No Problems.

@donyalal5685 that type of thinking is exactly why you need a REALTOR! A REALTOR can negotiate on your behalf items you never even considered saving you thousands. There’s also a misconception that “new” is without flaws. risk mitigation is one of the biggest things a REALTOR brings to the table.

​@@randylazer2894funny my father has been buying new homes for the last 23 years. The last home he bought he got $96,000 dollars off the asking price, $35,000 in incentive offers and $5000 in upgrades to the home. All by himself.

They builders hire agents to sell their homes. So, you'll be paying a realtor commission. It's all baked into the price.

First, your grammar is very poor, missing commas, periods, confusing "there" with they're. Then what you did was make hateful accusations against people whom you have never met. Please explain to me what anybody said that would constitute being "evil in plain sight"? I know some of these people, and they are very good and hard working, and dedicated to helping those in the profession succeed. Next, I seriously doubt, any of these 5 guys or the young appearing female have had Botox. Nor do I know what Botox would have to do with the settlement of a lawsuit with NAR. To "splain to you" what has transpired....if one purchases a home, often closing costs for the loan, escrow, and title insurance are in the vicinity of 3%. Commission has always been negotiable, and that hasn't changed, for which there is the commission for the listing broker, and the buyer's broker. However, there was a ridiculous lawsuit that a jury or renters ruled against the NAR, claiming that commissions weren't negotiable when they always have been with respect to the seller paying the buyer's closing costs. So if a buyer is purchasing a home at a sales price of $450,000, their closing costs would likely be about $13,500. If a buyer has an FHA loan, their down payment is 3.5% of the sales price, which is another $15,750. So a buyer would need to come up with over $29,000 paying their own closing costs and the down payment to purchase a $450,000 home, while the seller has paid the commission for whatever was negotiated, often totaling 5% in current times, which would include a buyer's brokerage commission of say 2.5%, or in this case $11,250. This stupid settlement may now have some buyers paying the buyer's broker commission on top of their closing costs and downpayment, so home buyers would have to come in with an additional $11,250 for a $450,000 purchase, meaning they would need instead of $29,000, over $40,000 to purchase a home. What sellers and realtors can do is have a seller's contribution for closing costs, just as has been done for many loans for many decades. Take a lesson, don't ever accuse hard working people who are supporting their families and giving their time to teach others in their industry to be successful, as being evil. That was shameful. I have been a real estate agent for 33 years. Do you think I am evil? If you go for that, you know I will cite so much of my life and charitable endeavors that would prove such an assertion to be wholly false.

yup--the heck with them..

Hahahahahahah!!! 🤣🤣🤣🤣🤣 Yup!!! I didn't notice that the first time. I'm not surprised.

Oh ... and the "standard 6% commission" isn't a thing. You try charging 6% on a multi-million-dollar deal. The clients will laugh you out of the room and do the deal without you.

Buyers agent do deserve more. Listing agents do the least amount of work

Bias agents work their tails off and sometimes for absolutely no pay at the end of the road.

Thats in a more reasonable range!!!

It’s baked into your price. Now that you no longer have to pay it, the buyers will offer you less money.

Hmm 🤔 you think it's that easy. 😅 try paying for gas sitting at your open house sometimes months providing food for your possible possible buyers, sitting there all day from 4 to 6 hours a day every weekend hoping to find you a buyer with no pay no guarantee. Making sure all the docs are right and in order so all the loan will go through smoothly talking to the title companies, appraisers, notaries, insurance agents bank reps etc. Working with the buyers making sure they qualify. Making sure there are no clouds in the title. Also brokers have lawyers to protect you. There is a lot involved. Plus we pay over 7 thousand a year just on office fees and for our license alone to be educated on contracts and laws to better help you. Please before you make false judgement on realtors do your research first.

I synpathise with anybody in that situation but please keep in mind that prices will not go down if there were no Realtors involved. The home owner will always get the highest amount possible for their property no matter what. The problem today is a combination of low Inventory, Higher interest rates and a failing economy.

They don’t. Everyone goes to Zillow and that will never change.

I concur. Good luck. Although I did learn how to fix my washing machine on youtube. It still took 3 times to get it right.😅

Real estate fraud is going to skyrocket. Squatters are going to start scamming home buyers left and right.

YEP! That'll be a scam hot mess.

Exactly don’t be afraid to negotiate the commission. Start with 3% or less if the home price is high.

You demonstrated profound ignorance and missed the point. The realtors were sharing that the buyer could now be burdened with paying an additional $11,250 for a buyer's brokerage commission on a $450,000 house at 2.5%, instead of the seller paying that. The realtors were pointing out that the seller will be able to make a contribution to the buyer's closing costs to offset that commission, or effectively pay that. The realtors were actually pointing out that this settlement could damage home buyers, for which if they don't have an additional $10,000 or more for most home purchases, on top of a 3.5% down payment, which on $450,000 would be about $15,750, and then there are closing costs for the loan, escrow, and title insurance often in the vicinity of 3%, or another $13,500 The other point you were clueless of, is that commissions have always been negotiable, and sellers have always been able to contribute to the buyer's closing costs. So I didn't see crybabies, what I saw were realtors doing their best to reassure the public that this settlement won't cost them five figures out of pocket on their home purchase.

@@randylazer2894 ^^^ hey look everyone another crybaby realtor

These are not your average real estate agents. Look at them. How they sit, how they all agree perfectly. These are the elites coming together. But you keep on listening to them all you want while calling others ignorant.

@@shiversneak ....No, I am somebody who cited facts that proved you to have no semblance of understanding of the topic of this video and that real estate agents were seeking to prevent buyers from having to pay an additional $10,000 or more in closing costs in many cases. Why don't you back up your words and take my exact writing and cite what constituted to be a "crybaby". You can't do that, as I gave you an analytic response that cited facts that you were completely ignorant of. What you chose to do, was to demean others who many like myself have dedicated our great efforts and caring to the well being of our clients, and from those efforts gave them financial security in many cases and found the homes that they built their families and created wonderful life memories. Citing facts doesn't constitute being a crybaby, for which you truly project that aspect of yourself. You see a video of real estate agents, and you don't like that, so lets call them crybabies. Now, go get your milk and cookies, sunshine, and I hope you feel better.

@@randylazer2894 ╭∩╮（︶︿︶）╭∩╮

First with your screen name of "confused and spacey", that would indicate you have no semblance of understanding of what you are talking about. You are wrong that the "same work" is involved with a million dollar sale as opposed to $350,000. First, the real estate agent may spend tens of thousands of dollars on marketing to obtain the not so easy to procure million dollar client, and will do so for years. I sold a $5.4 million home in 2022, and I had worked with my client for 20 years, first selling him a home and an investment building lot way back in 2002. At that time I had been in real estate for 11 years, and procured that client through tens and tens of thousands of dollars of advertising, and also from my tremendous background of specializing in investment properties, which in part came from having an MA in International Economics, and serving as an economist and financial analyst, so I could provide incredible assessments of real properties with respect to market valuation, and factoring in appreciation and other likely economic trends. Between you and me, you probably couldn't rattle off land values in subdivisions throughout Las Vegas, or to assess of what adjustments to make when comparing homes based upon upgrades for flooring, countertops, lot size, and other variables. So I gave 31 years of work, with an incredible academic background before I sold this home for $5.4 million, in which one email I wrote saved my client $100,000, as I discussed inflation rates and the likelihood of interest rates increasing and reducing the supply of likely buyers. I have many clients whom they became financially very well off from the investments they made with me, for which my economic evaluation of properties under consideration is not what you do with a $350,000 property. In fact you wouldn't likely know the price of a slab of Quartzite or porcelain, and I guarantee you wouldn't have spent 200 hours renovating via the design of a property involving new cabinetry, new flooring, window coverings, light fixtures, faucets, appliances, paint on the interior and exterior, landscape, pool, and every other detail...that I am listing likely on Monday for $3.5 million. People who sell larger homes do typically receive the same commission percentage, but they are doing something you are not, which involves having the knowledge, for which successful people often recognize those who do and those who don't, and of target marketing to those potential clients. If you desire to work with higher priced homes, then up your game, and put together some great marketing programs, and go be successful, instead of writing BS about what you haven't done yet, and saying its the same. No it isn't, it often takes many years for a realtor to have several high dollar clients, and they had to do the work and use their creativity. I wish you the best, and take a life lesson, don't disparage your profession, but seek to better yourself.

Did you get a net sheet before deciding to sell your home? This should have been given to you before you even listed the property.

@@OverflowRadio1 yes I did my check should of ben 12k I was out of state and it was back foward signing sheets they mailed me my check.. with a sorry.. this was over 30 years ago

Exactly, this is about demonizing agents while the actual greedy people responsible for high prices continue to profit

😂😂😂

Who wants to work for less. Would you want your company to tell you they want you to work for half. F off- now I have real clients to help. Many hundreds of them.

1.5% works in other countries. Americans don't even think to ask.

This is correct and the buyer ends up Is paying for everything when the deal is closed.

This was all probably pushed by the lobbying arm of the lenders.

How’s that tactic going?

If you think sellers are going to reduce their prices now you are being dishonest.

Buyer pays all of the fees any way when they buy your home. All of that should be baked into the cost.

Most realtors are also Uber drivers.

I hope to own a home one day. not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.

Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Alexandra Diana Jose) a consultant who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy... So I'd advise you do get a good investment advisor for yourself.

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

I appreciate your comment. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information.

Sonya lee Mitchell is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

Great agents are great problem solvers. A big part of that is mitigating emotions. That's really a big part of what they get paid to do. I was an agent for over 20 years.

Sell your own home!!!! Buy from for sale by owner! It's SO easy! Go get your real estate license... Take the class before you buy a house. You have the knowledge and understanding and it's only a few hundred dollars and it's cheaper than hiring an agent! Same with sellers.. if you're not familiar with the industry...and the process. Go to a title company or lawyer and just ask HOW to sell your home. Use them to sell your home and you'll save thousands!!!!! It's SO easy!

😮😮 The listing agent has a duty to work in the seller's best interest. They shouldn't be representing the buyer in negotiating price, repairs, concessions, etc. Honestly, a seller can more easily represent themselves and a buyer SHOULD use an agent (especially first time homebuyers). With Zillow and other platforms, sellers can EASILY sell on their own. Of the two agents, listing agent definitely does the least amount of work.

The listing agent gets paid by the Homeowner. Whose interest do you think Is going to be top priority? Certainly not the buyer. Would you go into court against a lawyer without one of your own

@hanklauzon6032 that’s fine your honor. I don’t need a lawyer, I’ll let the prosecution defend me.

No one needs an agent at all. Just know you could get sued or even jailed for doing the transaction wrong. Or get screwed because no one is looking out for your interests.

Yes! but still make your own research. Or hire/ work with a good market strategist for entry and exits if you want to short term. Youre safer that way

I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $610k portfolio surged, yielding an annualized gain of 28%.

this is all new to me, where do I find a fiduciary, can you recommend any?

Sonya Lee Mitchell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

For those of you who want to save money, find your own buyer for your house for sale and open escrow, when you both agree the escrow lady will type up a contract, this will save you some money, the hard part is finding a qualified buyer to buy your home..

Looks like you’re headed for court if you write a sales contract like you write your comment-a lawsuit waiting to happen. You’ll be paying attorneys more than the savings you save from not using realtors.

I think this law will weed out the unethical realtors honestly, and that is good for the ethical ones who put in an honest amount of work to get their clients the best deal.

yup--all 3 of them in the usa.....

@@MH_6160 nonsense, the unethical realtors are often the biggest successes, and yes I'm in the industry (27 years).

You are shady, as a realtor you should not be trying to push the idea that buyers agents are not necessary and that listing agents can represent both sides just fine.

Oh they’ll be lawsuits. From buyers who don’t have representation thinking they have enough knowledge to go at it alone. History will repeat itself.